Posted on: 01/05/2018
A new report has predicted that global wind energy capacity will rise by more than 50% to hit 840GW by 2022.
The Global Wind Energy Council (GWEC) said that capacity rose by 11% during 2017 to reach 539GW.
The trade body expects the market to be “flat” this year but to return to growth next year as costs fall.
A total of 52.5GW of capacity was added last year, below 2016’s 54.6GW, with the GWEC predicting more than 60GW will be added in 2019 and in 2020.
‘Blowing away’ the competition on price
Steve Sawyer, GWEC Secretary General, said: “Wind power is leading the charge in the transition away from fossil fuels; and continues to blow away the competition on price, performance and reliability.
“Both onshore and offshore, wind power is key to defining a sustainable energy future.
“Driven by the improving economics of wind power, as well as solar and storage, the outlines of a 100% renewable energy system are becoming clear.”